US indices trade lower as trade war re-ignites
- US Market
- 8 months ago
U.S. stocks finished lower Monday even in the wake of a dramatic comeback following Donald Trump’s announcement to increase tariffs on $200 billion of Chinese goods, raising fresh fears about a market-disruptive clash between the world’s largest economies.
The Dow and the broader market briefly dipped below apparent technical support at the 50-day moving average before bouncing back.
The DJIA slid 66.47 points, or 0.3%, to 26,438.48 after being down almost 500 points earlier in the session.
Meanwhile the S&P 500 index declined 13.17 points, or 0.5%, to 2,932.47.
To round things up, the Nasdaq Composite Index closed the session on 40.71 points, down by 0.5%, to 8,123.29, after touching a Monday low near the open at 7,981.85.
Source: Smart Trend Team